Local firms in India will be at a disadvantage if big tech companies are given plum roles, writes BKC’s Padmashree Gehl Sampath.
“What matters most is that without a level playing field, even the most well-meaning policy incentives will not safeguard the expansion of local firms in the digital payments arena, thus severely limiting the capacity of local firms to benefit from the potential of India’s own digital payments market,” she says.